SoundCloud faces do-or-die vote by investors

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Thursday, 10 August 2017

SoundCloud faces do-or-die vote by investors

Thursday, 10 August 2017 by Muhammad Ifzal

SoundCloud will soon collapse if investors don’t vote for a rescue funding round tomorrow. The stumbling music streaming community site had to suddenly lay of 40% of its staff last month. Now it’s asking investors for $169.5 million at a pre-money enterprise valuation of just $150 million, according to Axios‘ reliable business editor Dan Primack. That’s a steep drop… Read More